Managerial Economics

Introduction to Managerial Economics (analysis of a firm, types of firms, principal-agent problem, corporate governance, internal and external environment, etc.), Business mathematics (time value of money, discount interest rate, cash flows, etc.), Analysis of firms' costs, Analysis of product demand (demand function, elasticities, market structure, product diversification), Product pricing, Capital budgeting, Sources of financing, Value of a firm, Corporate decisions under uncertainty and risk.  

Recommended Textbooks

1. Douglas, E.J., Managerial Economics: Analysis and Strategy, Prentice Hall, 3rd ed., 1987.
2. Thompson  A.A.J., Economics of the Firm, Theory and Practice, Prentice Hall, 1th and 2nd  ed., 1973, 1977.
3. Keat, P. and Young, P., Managerial Economics, Prentice Hall, 6th edition, 2009.
4. W. Bruce Allen, Neil Doherty, Keith Weigelt, and Edwin Mansfield, Managerial Economics, Norton, 4th edition, 2002.
5. Hirschey, M. and Pappas, J., Managerial Economics, Dryden Press, 8th edition, 1996.

 

Semester: 

Winter

Offered: 

2016